William Jennings Bryan: A Concise But Complete Story of His Life and ServicesNewbranch, Harvey Ellsworth
History
William Jennings Bryan: A Concise But Complete Story of His Life and Services
Newbranch, Harvey Ellsworth
Bryan, William Jennings, 1860-1925
The Republican party took a more radical position. It advocated the
levying of tariff duties, not primarily for the purpose of raising
revenue,—that was made a secondary consideration,—but to protect from
foreign competition the manufacturing and industrial enterprises of the
United States. Then, it argued, these establishments, protected by the
fostering arm of government, would grow great and strong, furnishing at
once employment for labor at high wages, and a “home market” for the
products of the American farm and mine.
Controverting this alluring argument, the Democratic party held that
government had no right to compel citizens of one class or section to
contribute involuntarily to the support of citizens of some other class
or section of the country. The only manner in which a protective tariff
could protect, it pointed out, was by enabling the home manufacturer to
charge a higher price because of the duty on foreign goods. This added
price, it showed, must be paid into the pocket of the American
manufacturer by the American consumer. Moreover, it declared, the farmer
could only share the burden without receiving any of the benefits of a
high protective tariff, the price of his products being fixed in the
world’s markets at Liverpool and London. And the same thing, it held,
was true of the laboring man, as the rate of his remuneration was fixed
mainly by “the iron law of wages.”
When Mr. Bryan was elected to Congress for his first term this question
of tariff was the all-absorbing one before the people. The Republican
party, in the zenith of its power, had enacted the McKinley tariff law,
the embodiment of its views on this question, levying tariff duties so
high as almost to exclude foreign competition. It was in this law,
undoubtedly, that most of the great trusts and monopolies since formed
read their birthright.
Mr. Bryan, naturally, as a Democrat and a firm believer in the
principles of government laid down by Thomas Jefferson, was vigorously
opposed to the theory of a high protective tariff. The Congress in which
he served his first term was Democratic, the result of the enactment of
the trust-breeding McKinley tariff law. The Ways and Means Committee, of
which Mr. Springer of Illinois was chairman, decided that relief might
best be effected by the introduction of a series of bills, transferring
certain commodities to the free list.
Public-domain text, read in full here on John Shaqi.
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